The crypto treasury frenzy « ROGER MONTGOMERY
The crypto treasury frenzy
This U.S. summer, a new investment frenzy – akin to the SPAC (Special Purpose Acquisition Company) exuberance of 2020/21 – has gripped Wall Street as companies transform their balance sheets into crypto vaults. And as September unfolds, the corporate dash into cryptocurrencies shows no signs of slowing.
From Japanese hotel operators to chipmakers, tech startups, and legacy manufacturers, they have all funnelled tens of billions into Bitcoin and altcoins, reimagining their cash reserves as bets on digital assets.
Michael Saylor arguably kicked it all off with his 2020 gamble at Strategy (formerly MicroStrategy), but so inspiring was the move that it has morphed into…
